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RSI Z‑Score + TableRSI Z-Score + Table This script calculates the Z-Score of the RSI (Relative Strength Index), which standardizes RSI based on its own recent history. What It Shows: RSI Z-Score = (Current RSI - Mean RSI) / Standard Deviation This tells you how extreme the current RSI is compared to its historical values. A table displays: Current RSI Rolling Mean RSI Z-Score How to Use: Z-Score > +2 = Statistically overbought Z-Score < -2 = Statistically oversold Use it to time reversals or overextension in RSI behavior. 🔒 Based on rolling lookback window — fully customizable. Author: Tags: #RSI #ZScore #Momentum #StatisticalEdge #MeanReversion #Crypto
Pine Script® indicator
by kevin_zijlstra
Trend Strength Index [Alpha Extract]The Trend Strength Index leverages Volume Weighted Moving Average (VWMA) and Average True Range (ATR) to quantify trend intensity in cryptocurrency markets, particularly Bitcoin. The combination of VWMA and ATR is particularly powerful because VWMA provides a more accurate representation of the market's true average price by weighting periods of higher trading volume more heavily—capturing genuine momentum driven by increased participation rather than treating all price action equally, which is crucial in volatile assets like Bitcoin where volume spikes often signal institutional interest or market shifts. Meanwhile, ATR normalizes this measurement for volatility, ensuring that trend strength readings remain comparable across different market conditions; without ATR's adjustment, raw price deviations from the mean could appear artificially inflated during high-volatility periods (like during news events or liquidations) or understated in low-volatility sideways markets, leading to misleading signals. Together, they create a volatility-adjusted, volume-sensitive metric that reliably distinguishes between meaningful trend developments and noise. This indicator measures the normalized distance between price and its volume-weighted mean, providing a clear visualization of trend strength while accounting for market volatility. It helps traders identify periods of strong directional movement versus consolidation, with color-coded gradients for intuitive interpretation. 🔶 CALCULATION The indicator processes price data through these analytical stages: Volume Weighted Moving Average: Computes a smoothed average weighted by trading volume Volatility Normalization: Uses ATR to account for market volatility Distance Measurement: Calculates absolute deviation between current price and VWMA Strength Normalization: Divides price deviation by ATR for a volatility-adjusted metric Formula: VWMA = Volume-Weighted Moving Average of Close over specified length ATR = Average True Range over specified length Price Distance = |Close - VWMA| Trend Strength = Price Distance / ATR 🔶 DETAILS Visual Features: VWMA Line: Blue line overlay on the price chart representing the volume-weighted mean Trend Strength Area: Histogram-style area plot with dynamic color gradient (red for weak trends, transitioning through orange and yellow to green for strong trends) Threshold Line: Horizontal red line at the customizable Trend Enter level Background Highlight: Subtle green background when trend strength exceeds the enter threshold for strong trend visualization Alert System: Triggers notifications for strong trend detection Interpretation: 0-Weak (Red): Minimal trend strength, potential consolidation or ranging market Mid-Range (Orange/Yellow): Building momentum, watch for breakout potential At/Above Enter Threshold (Green): Strong trend conditions, potential for continued directional moves Threshold Crossing: Trend strength crossing above the enter level signals increasing conviction in the current direction Color Transitions: Gradual shifts from warm (red/orange) to cool (green) tones indicate strengthening trends 🔶 EXAMPLES Strong Trend Entry: When trend strength crosses above the enter threshold (e.g., 1.2), it identifies the onset of a powerful move where price deviates significantly from the mean. Example: During a rally, trend strength rising from yellow (around 1.0) to green (1.2+) often precedes sustained upward momentum, providing entry opportunities for trend followers. Consolidation Detection: Low trend strength values in red shades (below 0.5) highlight periods of low volatility and mean reversion potential. Example: After a sharp sell-off, persistent red values signal a likely sideways phase, allowing traders to avoid whipsaws and wait for orange/yellow transitions as a precursor to recovery. Volatility-Adjusted Pullbacks: In volatile markets, the ATR component ensures trend strength remains accurate; a dip back to yellow from green during minor corrections can indicate healthy pullbacks within a strong trend. Example: Trend strength briefly falling to yellow levels (e.g., 0.8-1.1) after hitting green provides profit-taking signals without invalidating the overall bullish bias if the VWMA holds as support. Threshold Alert Integration: The alert condition combines strength value with the enter threshold for timely notifications. Example: Receiving a "Strong Trend Detected" alert when the area plot turns green helps confirm Bitcoin's breakout from consolidation, aligning with increased volume for higher-probability trades. 🔶 SETTINGS Customization Options: Lengths: VWMA length (default 14), ATR length (default 14) Thresholds: Trend enter (default 1.2, step 0.1), trend exit (default 1.15, for potential future signal enhancements) Visuals: Automatic color scaling with red at 0, transitioning to green at/above enter threshold Alert Conditions: Strong trend detection (when strength > enter) The Trend Strength Index equips traders with a robust, easy-to-interpret tool for gauging trend intensity in volatile markets like Bitcoin. By normalizing price deviations against volatility, it delivers reliable signals for identifying high-momentum opportunities while the gradient coloring and alerts facilitate quick assessments in both trending and choppy conditions.
Pine Script® indicator
by AlphaExtract
Z-Score Mean ReversionThe "Mean Reversion Z-Score" indicator is a statistical tool that helps traders identify potential price reversals by measuring how far the current price has deviated from its mean (average) in terms of standard deviations. Here's what it does: Calculates the Z-score by comparing the current price to its moving average, then dividing by the standard deviation of prices over a specified period (default 14 periods). Identifies when the price has moved too far from its mean, suggesting a potential reversion opportunity: Values above +2 indicate overbought conditions (potential sell) Values below -2 indicate oversold conditions (potential buy) Generates clear visual signals: Green triangle (▲) for buy signals when crossing above -2 Red triangle (▼) for sell signals when crossing below +2 Color-coded background for quick visual reference Plots reference lines at ±1.5 and ±2.0 standard deviations to help gauge the strength of the current trend. This indicator is particularly useful for range-bound markets and mean reversion trading strategies, helping traders spot potential entry and exit points based on statistical extremes.
Pine Script® indicator
by hasanaksoy199264
Buy and Sell Signals by Raja Saien📈 Buy and Sell Signals by Raja Saien 💹 "Simple. Clean. Powerful." 🔥 This indicator is built for those who believe in price action and clarity. No confusion, no clutter — just pure EMA crossover logic to catch early trends and filter false moves. ✅ Buy Signal when the 9 EMA crosses above the 21 EMA — indicating momentum shift to the upside. ❌ Sell Signal when the 9 EMA crosses below the 21 EMA — signaling potential downside momentum. 🧠 Designed for traders who trust the trend, respect momentum, and want to stay ahead of the crowd. 🔍 Perfect for scalping, intraday, and swing trading. Combine it with support/resistance or price action zones for even more 🔥 accuracy. ✨ Created by Raja Saien — for serious traders only. 💪 "Indicators don’t make you money, but discipline with clarity does."
Pine Script® indicator
by RajaSaien
Tradeable Candle Detection By Raja SaienTradeable Candle Detection By Raja Saien Overview: This advanced candle detection tool is designed to help traders identify high-quality trade setups and avoid fake moves, based on candle structure, volume, and RSI conditions. Unlike many indicators that are limited to specific sessions, this script works across all market sessions, giving you full flexibility to trade 24/7. 🔍 Key Features: All Session Support (24/7 Trading) Detects tradeable setups during any time of the day, including Asian, London, New York, and overlapping hours. No restriction to any specific session — trade when the opportunity is there! Fake Move Detection 🚫 Identifies candles with long wicks, small bodies, and low volume — typical signs of manipulation or indecision. Displays a “No Trade Zone – Fake Move” label to help you avoid poor entries. Real Move Detection ✅ Highlights candles with strong bodies, short wicks, and high volume — ideal conditions for trade entries. Helps you focus only on high-probability, momentum-driven moves. RSI-Based Confirmation Uses RSI to ensure trade entries align with momentum: Bullish Entry Allowed: Candle is bullish + RSI between 50–75. Bearish Entry Allowed: Candle is bearish + RSI between 25–50. Avoid Trades: RSI is overbought/oversold or showing divergence. Divergence Detection Detects bearish divergence in bullish setups and bullish divergence in bearish setups — warns against risky entries. Visual Zones & Candle Highlights Plots horizontal lines at candle highs/lows and extended zones based on candle range. Dominant candles are highlighted in black for quick visual spotting. ⚙️ Custom Inputs: Minimum Body Size Threshold Wick-to-Body Ratio for Fake Move Volume Strength Multiplier Candle Dominance Precision (% of range) RSI Period and Source Optional session filter (can be turned off to enable all-session detection) 🛎️ Alerts Included: ✅ Long Entry Confirmed – Strong bullish candle with supporting RSI ✅ Short Entry Confirmed – Strong bearish candle with supporting RSI 🚫 Fake Move Detected – Weak structure + low volume, no trade 🧠 How to Use: Wait for a dominant black candle to appear. Read the label to understand: ✅ Green = Trade Allowed ⚠️ Orange = Avoid (due to RSI or divergence) 🚫 Red = Fake Move (stay out) Combine with support/resistance, SMC, or price action strategy for confluence. 🟢 "Trade any session, any time – with confidence, precision, and control. Powered by Raja Saien." Built for traders who value smart entries and reliable signals across all time zones.
Pine Script® indicator
by RajaSaien
Market Sentiment - VIX Table Live RefreshProvides Market sentiment visual representation for easy understanding - using CBOE:VIX values The VIX Sentiment Table provides an at-a-glance assessment of market mood by visualizing live data from the CBOE Volatility Index (VIX). Updated in sync with your chart’s resolution, this intuitive tool breaks down the current VIX level into clear sentiment zones—ranging from “Complacency” to “Panic”—paired with concise interpretations to guide your trading decisions.
Pine Script® indicator
by srinageshuppuluri
SITFX_FuturesSpec_v17SITFX_FuturesSpec_v17 – Universal Futures Contract Library Full-scale futures contract specification library for Pine Script v6. Covers CME, CBOT, NYMEX, COMEX, CFE, Eurex, ICE, and more – including minis, micros, metals, energies, FX, and bonds. Key Features: ✅ Instrument‑agnostic: ES/MES, NQ/MNQ, YM/MYM, RTY/M2K, metals, energies, FX, bonds ✅ Full contract data: Tick size, tick value, point value, margins ✅ Continuation‑safe: Single‑line logic, no arrays or continuation errors ✅ Foundation for SITFX tools: Gann, Fibs, structure, and risk modules Usage example: import SITFX_FuturesSpec_v17/1 as fs spec = fs.get(syminfo.root) label.new(bar_index, high, str.format("{0}: Tick={1}, Value=${2}", spec.name, spec.tickSize, spec.tickValue))
Pine Script® library
by Solvere
Contrarian Investor📌 Indicator Overview Name:Contrarian investor Purpose: Identify oversold or overbought conditions for simple reversal trades. Key Features: Uses the 200-period moving average (200MA) to determine the market trend. Uses RSI to detect oversold and overbought levels. Includes a signal interval filter to prevent excessive signals. 📌 Signal Conditions BUY (Reversal Buy) Price is below the 200MA RSI is below the oversold threshold (default: 30) When both conditions are met, a "BUY" label is plotted below the bar. SELL (Reversal Sell) Price is above the 200MA RSI is above the overbought threshold (default: 70) When both conditions are met, a "SELL" label is plotted above the bar. 📌 Parameters MA Length: Default 200 (used for trend detection) RSI Length: Default 14 RSI Oversold: Default 30 (trigger for BUY signals) RSI Overbought: Default 70 (trigger for SELL signals) Signal Interval (bars): Default 10 (prevents duplicate signals) 📌 How to Use Use the 200MA to confirm the trend direction. Wait for RSI to reach extreme levels (oversold or overbought). When a "BUY" or "SELL" label appears, consider a potential entry. For better accuracy, combine with support/resistance or price action confirmation. 📌 Notes This indicator is designed as a supplementary tool, not a standalone entry system. Adjust the signal interval based on your trading style (e.g., shorter for scalping, longer for swing trading). In strong trending markets, reversal signals may fail frequently, so additional confluence is recommended. You need to adjust the settings depending on the market conditions. This indicator is not intended for use during strong trending markets, such as after major economic news releases. It is best suited for range-bound markets and scalping within a few-dollar price range. 📌 インジケーターの概要 名前：Contrarian investor 目的：過剰に売られた/買われたタイミングでの逆張りシグナルを簡単に確認 特徴： 200MAを基準にトレンド方向を判定 RSIで売られすぎ・買われすぎを検出 過剰なシグナルを防ぐための「シグナル間隔制限」付き 📌 シグナルの条件 BUY（逆張り買い） 現在の価格が 200MAより下 RSIが 設定値（初期値30）以下 この条件で「BUY」ラベルがチャート下に表示されます。 SELL（逆張り売り） 現在の価格が 200MAより上 RSIが 設定値（初期値70）以上 この条件で「SELL」ラベルがチャート上に表示されます。 📌 パラメータ設定 MA期間：デフォルト200（200MAで長期トレンドを判定） RSI期間：デフォルト14 RSI売られすぎ：デフォルト30（BUYの発生条件） RSI買われすぎ：デフォルト70（SELLの発生条件） シグナル間隔（バー）：デフォルト10（重複シグナル防止） 📌 使い方 200MAでトレンド方向を確認 RSIが極端な水準に達したら逆張りシグナル発生 「BUY」または「SELL」のラベルが出たら検討 他のテクニカル（サポレジ・プライスアクション）と組み合わせると精度向上 📌 注意点 単独でのエントリー判断には使わず、補助的に活用するのが推奨 シグナル間隔は調整可能（例：スキャルピングなら短め、スイングなら長め） トレンドが強い相場では逆張りシグナルが連続して外れる可能性あり 相場環境によって設定を変える必要がある 指標発表後など強いトレンドが出る時ではなくレンジ相場で数ドル幅のスキャルピングをするのに向いている。
Pine Script® indicator
by hrak22
EZThis script is designed to provide a clear, visual confirmation of trend direction, momentum shifts, and institutional bias by combining multiple EMA layers and smoothed Heiken Ashi waves. Features: • EMA Trend Band (8, 13, 21 EMA): Highlights short-term trend strength and clean stacking conditions. • 35 EMA Momentum Line: Captures medium-term momentum shifts for better trade entries. • 200 SMA Institutional Bias Line: Filters trades aligned with higher timeframe bias. • Triple-Smoothed Heiken Ashi Waves: Changes background & candle colors to reflect momentum waves, filtering out noise and false signals. • Liquidity Sweep Zones & Inverse FVGs (Optional): Helps identify smart money footprints and potential reversal zones. Use Case: • Best suited for trend-following traders, scalpers, and swing traders who rely on multi-timeframe confluence. • Works effectively on Forex, Futures, Indices, and Crypto charts. • Designed to filter out fakeouts and highlight high-probability trade zones. Disclaimer: This script is for educational purposes only. It does not guarantee profits and should be used in combination with proper risk management and trading experience.
Pine Script® indicator
by jashansidhu1313